Principal Financial Group Inc. Purchases 28,695 Shares of CMS Energy Co. (NYSE:CMS)

Principal Financial Group Inc. grew its position in shares of CMS Energy Co. (NYSE:CMS - Free Report) by 7.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,331 shares of the utilities provider's stock after purchasing an additional 28,695 shares during the period. Principal Financial Group Inc. owned 0.14% of CMS Energy worth $28,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CMS. TruNorth Capital Management LLC grew its position in shares of CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 578 shares during the period. Headlands Technologies LLC bought a new position in CMS Energy during the 1st quarter valued at $43,000. Innealta Capital LLC bought a new position in CMS Energy during the second quarter worth $43,000. Values First Advisors Inc. acquired a new stake in shares of CMS Energy during the 3rd quarter worth approximately $56,000. Finally, Voisard Asset Management Group Inc. increased its stake in shares of CMS Energy by 25.7% in the third quarter. Voisard Asset Management Group Inc. now owns 798 shares of the utilities provider's stock valued at $56,000 after purchasing an additional 163 shares during the period. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

CMS Energy Trading Down 0.0 %

Shares of CMS stock traded down $0.02 on Wednesday, hitting $67.57. The stock had a trading volume of 776,944 shares, compared to its average volume of 2,271,535. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The company has a fifty day moving average price of $69.82 and a two-hundred day moving average price of $65.12. The firm has a market cap of $20.19 billion, a P/E ratio of 19.26, a PEG ratio of 2.71 and a beta of 0.41.

CMS Energy (NYSE:CMS - Get Free Report) last posted its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.06. The firm had revenue of $1.74 billion during the quarter, compared to analysts' expectations of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 earnings per share. As a group, analysts forecast that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a $0.515 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $2.06 dividend on an annualized basis and a yield of 3.05%. This is a positive change from CMS Energy's previous quarterly dividend of $0.51. CMS Energy's payout ratio is presently 58.86%.

Wall Street Analysts Forecast Growth

CMS has been the subject of a number of research analyst reports. Mizuho lowered CMS Energy from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $76.00 to $72.00 in a report on Tuesday, October 15th. Barclays boosted their target price on shares of CMS Energy from $65.00 to $68.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 15th. StockNews.com raised shares of CMS Energy from a "sell" rating to a "hold" rating in a research report on Tuesday. Guggenheim boosted their price target on CMS Energy from $66.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Scotiabank lifted their price target on shares of CMS Energy from $66.00 to $75.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, CMS Energy has a consensus rating of "Moderate Buy" and an average target price of $70.29.

About CMS Energy

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.